Navios Maritime Partners' (NMM) "Hold (C+)" Rating Reiterated at Weiss Ratings

Key Points

• Navios Maritime Partners (NMM) has received a "hold (C+)" rating from Weiss Ratings, indicating a cautious outlook on the stock.
• The company's stock has seen fluctuations, trading down to $44.34 recently, with a market capitalization of $1.32 billion.
• In its latest earnings report, Navios Maritime Partners reported an EPS of $2.15, exceeding expectations, although quarterly revenue decreased by 4.3% year-over-year.

Navios Maritime Partners (NYSE:NMM - Get Free Report)'s stock had its "hold (c+)" rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Navios Maritime Partners Stock Performance

Shares of NMM stock traded down $0.32 on Wednesday, hitting $44.34. 10,918 shares of the stock traded hands, compared to its average volume of 112,480. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.09 and a quick ratio of 1.09. Navios Maritime Partners has a 1-year low of $28.37 and a 1-year high of $62.38. The company's fifty day moving average is $46.11 and its 200 day moving average is $40.62. The company has a market capitalization of $1.32 billion, a PE ratio of 4.42 and a beta of 1.54.

Navios Maritime Partners (NYSE:NMM - Get Free Report) last posted its earnings results on Thursday, August 21st. The shipping company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.74 by $0.41. The firm had revenue of $327.56 million during the quarter, compared to analysts' expectations of $309.58 million. Navios Maritime Partners had a net margin of 23.31% and a return on equity of 9.24%. Navios Maritime Partners's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.06 EPS. On average, equities research analysts predict that Navios Maritime Partners will post 12.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Navios Maritime Partners

Several institutional investors have recently bought and sold shares of the stock. Ion Asset Management Ltd. raised its position in shares of Navios Maritime Partners by 2.2% during the 2nd quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company's stock worth $30,821,000 after buying an additional 17,285 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Navios Maritime Partners by 25.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company's stock worth $290,000 after buying an additional 1,559 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Navios Maritime Partners in the second quarter valued at $212,000. Jump Financial LLC bought a new position in Navios Maritime Partners during the second quarter valued at about $580,000. Finally, Aristides Capital LLC acquired a new position in Navios Maritime Partners during the second quarter worth about $228,000. Institutional investors and hedge funds own 62.74% of the company's stock.

Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters.

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